Australian Vintage : AVG Half Year 31/12/21 Presentation

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Company Announcements

Australian Securities Exchange

23 February 2022

Australian Vintage Limited

Investor Presentation - 2022 Interim Result

Australian Vintage Limited has today released its financial statements for the half year ended 31 December 2021. Attached to this announcement is the investor presentation.

For the purpose of ASX Listing Rule 15.5, Australian Vintage Limited confirms that this document has been authorised for release by the Board.

Australian Vintage Ltd

ABN 78 052 179 932

275 Sir Donald Bradman Drive, Cowandilla SA 5033 Australia

www.australianvintage.com.au

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31 December 2021

Half Year Results

23 February 2022

Disclaimer

The presentation has been prepared by Australian Vintage Limited (ACN 052 179 932) ("AVG") (including its subsidiaries, affiliates and associated companies) and provides general background information about AVG's activities as at the date of this presentation. The information does not onlypurport to be complete, is given in summary and may change without notice. This presentation is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered, with or without professional advice, when deciding if an investment is appropriate. The presentation does not constitute or form

part of an offer to buy or sell AVG securities.

useThis presentation contains forward looking statements, including statements of current intention, statements of opinion and predictions as to possible future events. Such statements are not statements of fact and there can be no certainty of outcome in relation to the matters to which the statements relate. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other important factors that could cause the

ersonalactual outcomes to be materially different from the events or results expressed or implied by such statements. Those risks, uncertainties, assumptions and other important factors are not all within the control of AVG and cannot be predicted by AVG and include changes in circumstances or events that may cause objectives to change as well as risks, circumstances and events specific to the industry, countries and markets in which AVG operate. They also include general economic conditions, exchange rates,

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interest rates, the regulatory environment, competitive pressures, selling price, market demand and conditions in the financial markets which may cause objectives to change or may cause outcomes not to be realised.

None of AVG (and their respective officers, employees or agents) (the Relevant Persons) makes any representation, assurance or guarantee as to the accuracy or likelihood of fulfilment of any forward-looking statement or any outcomes expressed or implied in any forward-looking statements. The forward-looking statements in this presentation reflect views held only at the date of this presentation. Except as required by applicable law or the ASX Listing Rules, the Relevant Persons disclaim any obligation or undertaking to publicly update any forward-looking statements, whether as a result of new information or future events. Statements about past performance are not necessarily indicative of future performance.

Certain jurisdictions may restrict the release, publication or distribution of this presentation. Persons in such jurisdictions should observe such restrictions. To the extent permitted by law the Relevant Persons do not accept liability for any use of this presentation, its contents or anything arising in connection thereto including any liability arising from the fault or negligence none of the Relevant Persons.

Solid H1 result with underlying contribution growing +11% YOY, while NPAT negatively impacted by one-time events compared to prior period.

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Overview

• Underlying business is performing strongly with contribution before marketing +11% (+$3M) YOY and +6% after $1.8M increase in marketing investment
• NPAT before one-time events $14.2M (+7%)
• NPAT result impacted by additional one-time events totaling $4.2M (after tax) associated with UK logistics, COVID Cellar Door closures and SGARA on prior period
• Pillar Brands representing 77% of total sales coupling with exiting low margin bulk sales resulting in Gross Margin improvement from 31% to 34%
• AVL portfolio continues to outperform the market in key geographies
• Successful launch for Tempus Two in the UK and continued global momentum for McGuigan Zero
• Canada and South-East Asia back in growth
• Positive Cash Flow balance of year with expected operating cash flow for full year of $20.0M
• Investment in sustainability underway

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Our values remain unchanged - and guide our business approach focused on our mission to put the consumer at the heart of everything we do

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Our Vision	To be the first choice for every occasion
Our Purpose	Make the world a smaller place through sharing good times
Our Mission	We put the consumer at the heart of everything we do

Our Values	W	I	N	E
	Working	Innovative	Nimble &	Empowered
	Collaboratively	Responsive

Our Behaviours

Integrity

Respect

Courage

Collaboration

Resilience

Trust

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